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Monday, October 03, 2016

Controller Reports a Balanced Budget – But Has Big Concerns

By Keith M. Phaneuf


State Comptroller Kevin P. Lembo today raised concerns — for the second consecutive month — about the stability of the current state budget, though he stopped short of reporting a deficit.

In his latest monthly budget forecast, Lembo affirmed the conclusion of Gov. Dannel P. Malloy’s administration that the $19.7 billion budget adopted in June for 2016-17 is on pace to finish $200,000 in the black, just as it was written.

But Connecticut’s chief fiscal watchdog also expressed caution about both spending and revenue trends in the current budget.

Republican legislative leaders already have said they believe state finances are in deficit and that Malloy is masking this problem to help his fellow Democrats in the legislature’s majority survive this fall’s state elections.

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Posted 10/03/16 at 03:36 PM  Permalink


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